Ruchi Soya eyes 20% growth in profit

Ruchi Soya Industries (RSIL) is looking at about 20 percent growth in revenue as well as profit this fiscal besides adding one million tonne capacity by March. In FY11, RSIL had posted a net profit of Rs 201.59 crore on revenue of Rs 16,702.78 crore.

The company, which mainly exports to Vietnam, Japan and Korea, is also exploring new geographies like China, the Mediterranean region and the Middle East. However, the main focus will be Asia, which is its biggest market. The company is targeting 1.1 MT edible oil exports this fiscal, adding the total edible oil exports during FY11 was 7 lakh tonne.